From Leadershipnigeria.com: The Central Bank of Nigeria has released a draft framework for the regulation and supervision of the Shariah banking system, otherwise known as non-interest banks.
The Economic Confidential reported the apex bank as saying that all licensed banks offering Shariah-compliant financial products or services shall have a Shariah compliant review mechanism and a bank Shariah Advisory Committee (SAC) as part of their governance structure. .... Full Article: Source